🔔Upcoming #FOMC at 18:00 GMT and press conference starting at 18:30
The Fed is expected 50point rate hike and announce the start of balance sheet reduction.
👉Be prepared for volatility with #USD pairs and across stock markets!
The Fed is expected 50point rate hike and announce the start of balance sheet reduction.
👉Be prepared for volatility with #USD pairs and across stock markets!
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#DXY #FOMC
Dollar Index: Some bullish bias before FOMC
The FOMC meeting is the main event of the day on Wall Street and can set the market mood for weeks to come, as the Fed often leads global monetary policy cycles.
No actual rate changes are expected today, and traders' attention will be focused on the FOMC's updated projections for interest rates, inflation, and the economy. Last time, in December, the Fed expected three rate cuts before the end of 2024. However, the market then priced in as many as five cuts.
Higher-than-expected inflation in recent months has led to a reassessment of expectations.
Dollar Index: Some bullish bias before FOMC
The FOMC meeting is the main event of the day on Wall Street and can set the market mood for weeks to come, as the Fed often leads global monetary policy cycles.
No actual rate changes are expected today, and traders' attention will be focused on the FOMC's updated projections for interest rates, inflation, and the economy. Last time, in December, the Fed expected three rate cuts before the end of 2024. However, the market then priced in as many as five cuts.
Higher-than-expected inflation in recent months has led to a reassessment of expectations.